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The production manager of Smith Inc. offers the following data about direct materials costs. Use...

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Accounting

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The production manager of Smith Inc. offers the following data about direct materials costs. Use this information to determine the direct materials quantity variance. Standard costs assigned: Direct materials standard cost (442,00 units @$2.3/unit)$1,016,60 Actual costs: Direct materials costs incurred (440,200 units @$2.60/ unit) $1,144,520

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